China has 780,000 millionaires, while the US has nearly 7 times that.
Visual China Group via Getty Images/Visual China Group via Getty ImagesWhile China and the US are comparable in nominal GDP, there are far more wealthy individuals in America than in China.
That data came from a wealth report by the consultancy Henley & Partners, published in 2023.
"America is in a league of its own, with three times the total wealth of China and seven times as many dollar millionaires," the report said.
The US has 9,630 centimillionaires, or people with a net worth of $100 million or higher, and 770 billionaires, according to the firm.